Feature Description
Mortgage Prepayment Calculator
Compare reducing monthly payment versus shortening the loan term after a prepayment.
Enter the original mortgage details, months already paid, and the prepayment amount to compare common prepayment options.
Supports keeping the original term with a lower monthly payment, or keeping the monthly payment and shortening the term. Results are for reference only.
Common use cases
- Use this page when you have spare cash and want to see whether prepaying part of a mortgage is worth it.
- It is helpful for comparing the two common strategies: reducing the monthly payment or shortening the loan term.
- Before discussing cash-flow tradeoffs with family, this page helps make the key numbers visible first.